Saturday, July 30, 2011

The Share Investor 2 Portfolio is a separate portfolio apart from the original Share Investor Portfolio and contains just one share, Contact Energy Ltd [CEN.NZX]. It will only have this one share in it and has a far shorter time frame than the original long-term portfolio that I started 8 years ago.

The portfolio was started July 7 with 9000 shares purchased at $5.34 at a total cost of $48,060.00 and $144.18 in brokerage.

After the 14th day of trading the portfolio was down by $1440.00 or 2.99% on the July 22 update to be worth a total of $46,530.00.

The portfolio is down 3.18% or $1530.00 since tracking began on July 7 2011.

Friday, July 29, 2011

An interesting graph from today's Mainfreight Ltd [MFT.NZX] annual meeting that I will one day attend when I am not working and I believe was held at a flash South Auckland Winery.

The text of the meeting is essential reading for Mainfreight co owners like myself and investors who have not plunked down their shekels for a piece of this company will get some insight into how the company has done over the last year and where they will be going over the next 12 months and more.

Interestingly the meeting has highlighted the performance of MFT as an investment and over the last 10 years to 31 March 2011 the company has come out on top with a near 30% annual return.

Out of the 9 companies on the graph I hold 5, so I am pretty chuffed, especially the placement of Ryman Healthcare Ltd [RYM.NZX] at number 3.